Ashdown Community Foundation Inc

Analysis

Ashdown Community Foundation Inc is a registered charity in United States, based in Texarkana, AR. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashdown Community Foundation Inc reported income of $120k and spending of $38k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $207k to $120k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ashdown Community Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within AR. Charities of a similar size with the same main cause include Of-By-For All Inc ($120k), Chinatown Partnership Local Development Corporation ($120k) and Queensboro Council for Social Welfare Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $258k against liabilities of $0, net assets of $258k.